Apple invests $390 million in maker of depth-sensing chips for iPhone X

Apple has announced a second major investment from its $1 billion Advanced Manufacturing Fund that launched back in May.
Finisar, a Sunnyvale, California-headquartered optical components company, will receive a $390 million grant from Apple to expand its R&D and production of vertical-cavity surface-emitting lasers (VCSELs), which are basically depth- and proximity-sensing chips that are used in Apple products. Indeed, Apple uses VCSELs in Face ID, portrait, and animoji selfie modes in